Electric Vehicle Plastics Market Key Companies Profile, Sales, Demand, Cost Structure Analysis

Electric Vehicle Plastics Market Key Companies Profile, Sales,
Demand, Cost Structure Analysis
“Global Electric Vehicle Plastics Market includes North America, Europe, Asia-
Oceania, Middle-East & Africa. An electric vehicle uses one or more electric
motors or traction motor for propulsion. It may be powered via a collector
system by electricity or may be self-contained with a battery or generator to
convert fuel into electricity.”
Global Electric Vehicle Plastics Market includes North America, Europe, Asia-Oceania, Middle-East & Africa. An
electric vehicle uses one or more electric motors or traction motor for propulsion. It may be powered via a
collector system by electricity or may be self-contained with a battery or generator to convert fuel into
electricity. These include road & rail vehicles, surface & underwater vessels, electric aircraft & electric
spacecraft. On contrary, to traditional vehicles which possessed internal combustion engine (ICE) is now getting
blurred with usage of electric vehicles which run on conventional energy or electricity.
With the growing approach towards electric vehicles (EV), plastic materials play a pivotal role in helping to
reduce carbon emissions or dependence on petroleum. By using plastics in EV, the weight of the vehicle can be
reduced upto 40%. Additionally, high performance polymers and elastomers are used to integrate components
and functions. The miniaturization helps in reducing space and improves packaging.
The major market drivers for the global electric vehicle plastics market share include strict emission norms &
regulations leading to minimizing weight of passenger cars& government initiatives to encourage adoption for
electric vehicles. Therefore, the electric vehicle plastics market share is estimated to grow at a higher CAGR
during the forecast period. However, a key factor restraining the market share is the lack of charging stations
for BEV operated vehicles & HEV operated vehicles. Thus, charging infrastructure is significant for the growth of
electric vehicles as in case of BEV and PHEV.
Request Sample Copy of this Market Research @
https://www.millioninsights.com/industry-reports/electric-vehicle-plastics-market/request-sample

On the basis of vehicle type, the global electric vehicle plastics market share is segmented as BEV, HEV, PHEV.
BEV segment is likely to dominate the global market share for the forecast period owing to rising innovations,
environmental concerns, strict emission regulation and norms. Additionally, government initiatives in the form
of introducing various tax & non-tax incentives for electric vehicle owners have boosted the plastic growth
employed in these BEVs. On the basis of material, the global electric vehicle plastics market share is segmented
as PP, PE, ABS, PVC, PA, Nylon 6/6, Nylon 6, polycarbonate, PVB and other engineering resins.
PP is the fastest growing segment owing to features like better heat resistance, protection from UV rays, high
strength & flexibility. On the basis of application, the global market for electric vehicle plastics market is
segmented as interior, exterior, lighting & electric wiring and under the hood. Polyurethanes is estimated to be
the largest growing sector and is predicted to dominate the market for the forecast period owing to its use in
seating, electric wiring and hard plastic parts.
Browse Full Research Report @ https://www.millioninsights.com/industry-reports/electric-vehicleplastics-market
On the basis of geographic segmentation. Asia-Oceania is predicted to dominate the electric vehicle plastics
market and is estimated to grow at a higher CAGR during the forecast period. Asia-Oceania is an emerging
market for electric vehicles in the recent years. Government initiatives in the form of incentives to support the
demand for electric vehicles market have also boosted the market.
Faraday Future, a 2015 startup jumped into the electric vehicle market with a view to challenge Tesla electric
motor and announced a big news about its plans to build a factor outside Las Vegas and that raised curiosity
among the masses especially for its financial support. However, the startup has stopped construction owing to
parent’s company financial problems. The Chinese company LeEco has funded Faraday Future but now has lost
his fortune owing to the market fluctuations in his own native country. So, now Faraday Future would showcase
its first production car at the CES 2017, the international electronics show in Las Vegas from Jan 5-8. The key
players in the global electric vehicles market include BASF SE, The Dow Chemical Company, Tesla Motors, Ineos
Capital Limited, and the plastics are supplied to automotive OEMs such as Nissan, Chevrolet, and Volkswagen
AG.
See More Reports of this Category by Million Insights @
https://www.millioninsights.com/industry/automotive-and-transport

Get in touch
At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our
representatives strive to understand diverse client requirements and cater to the same with the
most innovative and functional solutions.
Contact Person:
Ryan Manuel
Research Support Specialist, USA
Email: ryan@millioninsights.com
Global Headquarters
Million Insights
Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States
Phone: 1-408-610-2300
Email: sales@millioninsights.com
Asia Pacific
Million Insights
Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016
India
Phone: 91-20-65300184